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, days after americans see a bigger chunk of their first check of the year going to social security taxes. something rotten may be at apple. the stock is dropping, taking with it the nasdaq and a whole lot of mutual funds. so should you get ready to bite? go into apple on the report that scott just talked about. and check out the brand new corvette. iconic car, maybe even more beautiful than it's ever been. that's one of the things on display at the detroit auto show. we will take you to motor city live. but first to sue with the new york stock exchange. >> ty, you saw it moment ago on cnbc. president obama finishing up his news conference in washington. topic number one, debt ceiling deadline. john harwood is at the white house. lines are drawn, john. >> sue, they were drawn very starkly by the president. he asserted that american people vendcated his approach to deficit reduction in the recently passed election. he said he was willing to negotiate over ways to cut the deficit in the future but he accused house republicans of playing a hostage game with debt limit in the debt ceiling ver
problems that get thrust upon them as a consequence of diminished tax bases and the consequence of housing, the significant portion of the public and their states that are in most need. we're committed to having a third phase of the so-called big deal on the budget. we're of the view that just as it took during the clinton administration, it didn't happen in one fell swoop to get our economy in great shape and move toward a balanced bump started off with three phases. started with president bush's actions, the first president bush, in terms of taxation, before president clinton took office. then the actions the president took in '94 and then in '97. well, we think there's a third phase here that can set our country on a path that will allow us to get our debt, the gdp, our deficit to gdp, down around 3%, which is the basis of which all economists left, right, center, agree, are the areas which we really can begin to grow as a country. and also my grandfather used to say, with the grace of god and good will of the neighbors, cooler heads will prevail between now and the time we deal with th
a lot of taxes and a lot of stories are moving in california moving from deep in the ready to in the black and coming at a high price in california. is it likely democrats will sell the story, that spending is not,er so, spending cuts are not the way to go, raising more revenue, more taxes is? >> oh, look i'm certain that is coming. there is no question in my mind that is coming but i can also assure you, bill, what is coming from the other side in the long run that hurts economic growth. in the long run that will bring about less revenue rather than more. what you're doing there you're taking money away from job creators. ultimately you will kill jobs that will bring about less revenue and everyone hurts as a result of that. it is not just those at the top end of the economic scale. it is those along every end of the spectrum and especially those who are hard-working americans living paycheck it paycheck. that is who those tax increases really hurt. in the end the government loses as well. bill: senator, thank you for your time because as we're asking these questions and t
here and also include fundamental tax reform that raise revenue. and raised quite a bit of revenue, 2.4 trillion of that 5.4 trillion would have been revenue, but revenue not required raising rates, but revenue that would come through reforming the tax code, reducing preferences, exclusions that are shot through the tax code, to actually be able to reduce rates and raise additional revenue. for anybody that wanted can you really do that, remember tax expenditures are running $1.2 trillion a year. we are spending more for the tax code than we are through all of the appropriate accounts of the federal government. this is what happens to the deficit in the share of gdp under the fiscal commission plan. you can see a dramatic improvement. the fiscal cliff plan, and what was just adopted, you all know the elements here, individual rates were raised, capital gains and dividend rates were raised, the estate tax was increased to 40% above $5 million. alternative minimum tax was six on a permanent basis paper extended other expiring tax provisions. on the spending side, a doc fix was taken car
government, directs tax dollars to specific industries was a discussion in last night's presidential debate, and it's become an important and ongoing theme in the current presidential campaign. the term on which washington assisted the finance and auto industries have also been the focus of intense debate, but probably the most contentious example of all is the one on which diana furchtgott-roth, manhattan institute senior fellow, and our speaker this afternoon, focuses in her time and important new book, "regulating to disaster: how green jobs are damaging america's economy." in it, she subjects the assumption and policies which led to such a faded federal investments as solyndra solar panel manufacture as was that a 123 collector car battery manufacture to a waiting analysis which we of the institute have come to expect from this oxford trained economist who served as chief of staff for the council of economic advisers. sorry. during the administration of president george w. bush. in her book, she helps us understand why the failures of such direct investments in private firms are both s
is it will increase -- by not raising the debt ceiling, you should be able to raise taxes on the wealthy, making $200,000 a year or more. host: ok. anthony in greensboro, north carolina, independent. caller: good morning. i have done quite a bit of research on the debt. what i don't hear from anybody, whether from the politicians or people asking questions, is the fact that the united states over the last 10 or 15 years has overwhelmingly started bases all over the world. over 1200 bases. and i cannot get a direct answer to actually how many. each would bring in the amount of money well over $1 trillion in just the maintenance. along with that, on the far side, after deep search, i discovered that the united states in the last eight years, since 1998, i believe, through nasa, they have come to believe in some kind of solar scenario along with an economic scenario and have been spending a lot of money in creating bases or underground cities in preparation, which is understandable, as any other nation, including japan and china have been doing themselves. host: next we will hear from a democratic calle
the fiscal cliff and the concerns of mayors regarding both investment programs and tax-exempt financing. whenever there's a major issue that demands attention, again and again and again, vice president joe biden has shown the leadership and courage needed to help move our nation in the right direction. and that is why i was certainly hartened when president obama asked vice president biden to lead a special task force to develop responses to the tragedy not only at sandy hook elementary school, but the daily tragedies we see all across america. the nation's mayors and vice president biden have stood together for many, many years in support of public safety. after all, it was then-senator joe biden who championed the crime bill, which established the cops program and included the ban on assault weapons and large-capacity magazines, which congress unfortunately, allowed to expire. yesterday, i was personally very proud to be in the white house as president obama and vice president biden unveiled a strong, comprehensive package of legislative and regulatory reforms needed to response to th
. >> not the last question. >> i'm sorry, francine. [inaudible] >> everything you run out of tax reform process has been out with a has to measure to make them maybe not impossible, but much less likely to tax reform goes forward this year. is that basically what you believe? if you could say a word about why tax reform should go forward. what do you see as the upside of that? >> i'm not saying that. what i'm saying is they think we took seems that do not package they have some ramifications tax reform. but i am not saying that we shouldn't sit down and talk about how we look at our tax structure and how we reform it. it's a fact that by what we thought it, but it isn't anything close to the whole package. i think what it does is to force people to be more concrete about what they mean when they took about tax reform. let me just give you an example. some of the provisions that we have been training and retraining, some of them are in appropriation and some of them are in the tax structure. i think we can take a hard look at all of our training programs. some of them aren't about to taxation. i thi
give a tax credit to any one who would turn in what lawmakers are calling an assault weapon and also another measure aimed at creating the overall bigger picture of mass violence. >> at the news conference the president accused republicans of trying to collect a ransom in exchange for not crashing the u.s. economy. they are demanding more spending cuts before they agree to raise the nation's debt ceiling. the debt ceiling is announcing the amount of money the states can borrow. today the president responded to some republicans who say they are willing to shut down the government if the president doesn't back down. ultimately congress makes decisions about whether or not we spend money and keep the government open. if they decide they want to shut down the government in order to get their way they have the votes in the house of representatives to do that. i think that would be a mistake. >> john boehner responded the american people do not support raising the debt ceiling without reducing government spending statement. wendell, a government shut down, is that something that really mig
and said it much better than i will, in fact, maybe if you had it on tape, we'd show it. but tax policy and trade policy. obviously, as the recession hits the world, why, trade policy gets more difficult. and we have troubles getting products into two of our most fast-growing markets, in argentina and brazil, which we could use some government help on keeping those markets open. and, of course, the big one is tax policy. we have the highest corporate tax rate in the world. so that mark barker who is now the ceo of the company and for a young whippersnapper of 55, he's doing a great job, but that he sits every year when he sets the budget, and he has to decide where the last dollar of investment goes. and where it generates the last dollar of profit. so he could get a dollar of profit in the united states for which 60 cents goes out to the shareholder, to the ultimate shareholder. or he can get another dollar, he can get that dollar profit in timbuktu of which 75 cents comes to the average shareholder. so any global company can maneuver around it, procter & gamble does that, i'm sure, be
their fair share of taxes. he's just another elitist hypocrite when it comes to a fair share of security. protection for their children and gun-free zones for our kids. host: that the latest ad by the nra, put out yesterday, getting a lot of feedback about the ad invoking the president's children. the "washington times" has this headline this morning about president obama's event this morning. that is our question for all of you. if president obama acts on his own with executive action, do you support that idea? we're getting your take on that this morning. we will go to sandra in sulphur springs, texas, a republican. caller: how are you? i just have a question to ask the rest of the people listening. what about the fort hood shootings? has anybody thought about how many guns were there? the man walked in, he was a psychologist, he walked in and killed our soldiers at fort hood. . what is the gun ban going to do on that? what does obama think about that? host: what do you think about the president taking some actions on his own? caller: i don't think anybody ought to take our guns away.
to be uninsured. you're not going to have that option because when you file your taxes, you'll have to attach proof that you are in a government-mandated plan. >> gretchen: wow. >> so if you earn too much to be eligible for medicaid, you will have to go shop on the state health insurance exchanges. >> gretchen: so these health insurance exchanges, a lot of this is rolling out now. >> they'll be open in october. and most people have never heard of these. but they're like an 800 number, a web site, and a dmv type office. and they only sell the government man-dated plan. it's like going to a dealership that sells four door sedans. >> gretchen: they dictate what you're going to get. i thought obamacare was supposed to give you a choice? >> no, there really will be no choice. there will be bronze, silver, gold and platinum. but they all have the same coverage. only the co-pays differ. section 1311 puts the federal government in charge of your health care fort first time, even if you have a private plan you paid for yourself. the secretary of health and human services can still dictate what doctors
, such as taxes and insurance, generally cannot add up to more than 43% of their monthly gross income. no standard is perfect, but the standard here provides a clear line with a measure of protection to borrowers that have increased certainty in the mortgage market. host: i want to bring in a few callers on this subject for you. oklahoma city, oklahoma, democratic line. good morning, vernon. caller: i am tickled to death that the government is setting the rules for the financial industry when it comes to the home market. people worked all their lives to provide a home and held for ways to get it paid off before they retire. this is the one area that the government needs to regulate and regulate closely and i am glad we're finally doing that. now, of course, we have drawn a line in the sand that we can hopefully reclaim. can we hope that it will ever change back to what we thought we had been through? guest: an excellent question. another one to add to that is -- will the regulators have the appetite to regulate this closely? making sure that banks are abiding by these rules? we had a system going
is a tax credit that was part of the economic stimulus originally, he sought $500 and i think ultimately, law was less than that. that was a classic compromise that he did not get. another compromise was his promise to repeal the bush tax cuts for higher income. his goal was couples making more than 200th $50,000 or couples making $200,000 and the fiscal cliff deal did not achieve that. we rented that a compromise. let's go to fort lauderdale,. caller: with respect to not keeping a promise for negotiations with a health kicce -- i think that a somewhat wrong. i have watched the other representatives of congress on tv every day negotiating and debating and putting their facts together. the final decision between nancy pelosi and the head of the sun -- of the senate when they finally came out with exactly what the bill would be -- it was done behind closed doors. the putting together of the bills, people putting in their amendments, was actually done on cspan every day and i watched that. secondly, with respect to these people calling about taking away guns. there is nothing about taking a
, gun control connects to immigration, connects to all the spending and taxes, issues and will they have some way where they'll say, let's work together or are we going to have four more years of this petty, stupid fighting on things that makes everyone look ridiculous, and no one comes out the winner. >> >> chris: before i get to you -- and what about the president's side of it? do you agree that he has taken a more combative tone since the election? >> he has. but, you know, we were going to have tax increases for everyone and he, and to speaker boehner's credit. they wound up agreeing and did biden and mcconnell, that we're going to give 99% of the people in this country a permanent tax cut. that is a big accomplishment and of course everyone dumped on it when it happened but the 99% of the people who got the tax cut, i think, are quite happy. i think they haven't figured out a strategy in the white house, just like the republicans don't have one. >> there are two issues, issues the president ran on is the election campaign and, he has no credit abilities to say, i won the re-election
now, we're hearing from administration officials, are fines and back taxes for those. i think it's about 11 million undocumented workers, illegal immigrants presently living in the united states right now. the president acknowledged in his weekly radio address just yesterday that this is one of the difficult missions facing this country right now, richard, and obviously will be when you consider the fact that the president, as he pursues this, as he's likely, to according to the "new york times," even addressing it in the state of the union address on february 12th, he'll be dealing with immigration, gun control. we know about the confirmation hearing issues and then the fiscal, the debt ceiling which is fast approaching as well. >> definitely that dance card is getting filled up pretty quickly so early in the year and he hasn't even been inaugurated. also in that article, senator marco rubio preparing his own version of the d.r.e.a.m. act. he discussed how republicans could face some pushback from latinos because of their stance on immigration reform. he said this, quote. we are
. the law requires licensed gun dealers to perform these tax -- checks but as many as 40% of all gun purchases are conducted without one. that is not fair to responsible gun buyers or sellers. an overwhelming majority of americans agree that anyone try to buy a gun to the least have to prove they are not a felon or someone legally prohibited from owning one. that is just common sense. second, congress should restore a ban on military-style assault weapons and a ten round limit for magazines. when the assault rifles, when combined with high-capacity magazines, have one purpose only -- to fire as many bullets as possible as quickly as possible. these weapons have no place i our communities. a majority of the american people agree with me. finally, congress needs to make it easier for law enforcement to do its job. we should get tougher on people who buy guns only to turn around and sell them criminals. at a time when many communities have been forced to make cuts to their police force, we should put more cops back on the job and on the streets. like most americans, i believe the second
about now closing more loopholes and that means higher taxes. we don't know on who, but he would not specify any specific spending reductions and refusing to negotiate with the house republicans on the issue of the debt ceiling. lou, an interesting couple of months. looking forward to it. >> megyn: all right. thank you, sir. >> thanks, megyn. >> megyn: with the president refuse to go negotiate on that debt ceiling, it's coming and we're going to hit it and there's going to be a real question what we will do. he negotiated the last time and suddenly says he doesn't want to negotiate anymore and the republicans have drawn a line in the sand when it comes to these spending cuts, saying, if we don't see a dollar for dollar spending cut in the amount you want to raise the debt ceiling, there's no deal. what kind of progress can we hope for here? our political panel debates that coming up in our next hour. now to another big debate playing out in washington over the obama administration's efforts to overhaul the nation's gun laws. we heard some of that this morning. here is the preside
and keep going -- it needs to bring millions of people with it. the robin hood tax, the campaign the nurses have -- $350 billion a year from wall street for a minimum tax. you know what one of the legislator said to one of our nurses going to the capitol and talking about the wall street tax? she said, you nurses need to lower your expectations. the nurse looked at her and said, would you like for me to say that to you when i am prepare you for surgery? the true story. i mean, honestly, literally, it is a disgrace -- lower your expectations? i see what is happening out here every day. we're not going to lower our expectations. we're going to fight for a real economy. our economy has been hijacked -- we can talk about all the problems, talk endlessly about what i heard yesterday -- i heard about a woman yesterday. we heard about a real woman yesterday from michigan who actually chose to have her leg amputated because she could not afford the antibiotics in terms of taking care of her leg. she had her leg amputated because of money, because of money, because we do not have a health care syste
stating very clearly today that he will not negotiate deficit reduction, tax increases and spending cuts attached to the debt ceiling. this of course does follow that bruising battle the year before last, where he did negotiate on the issue, and the u.s. nearly went to the brink of default. he said that congress has to pay the bills that it's already racked up. >> you don't go out to dinner and then, you know, eat all you want and then leave without paying the check. and if you do, you're breaking the law. and congress should think about it the same way that the american people do. you don't -- now, if congress want, to have a debate about maybe we shouldn't go out to dinner next time, maybe we should go to a more modest restaurant, that's fine. that's the debate that we should have. >> reporter: in this press conference that was called last minute in the east room, president obama said he will negotiate a deal on deficit reduction but not, as he put it, quote, with a gun to the head of the american people. as you know, joe, republicans are saying they're not going to increase the debt c
virginia and articulated the perspective on increasing taxes but we shouldn't do that. you know what obama said three days after especially when we disagree? he said eric, i1 coming you lost. then about a week later he says i want the folks that got us into this mess to do the whole lot less talking and a lot more listening. you know, you can talk of little bit but i want you on the sidelines while we try to clean this up for you. unbelievable. gone with any notion of unifying the country, of bringing us together. instead, they're came this steady mantra of the attack and vilify the other side. no ideas. it wasn't an idea base. just like his 2008 campaign for president wasn't idea based. was hope and change, glorious pieces with no substance whatsoever to the only substance is he was going to unify us committee the post partisan president. and yet almost immediately, it was conservatives are hostage-takers. they are the enemy. they care only about millionaires and billionaires and not children with autism and down syndrome. now, what was this approach? why did obama and his administration
are paycheck tax hike. lauren simonetti joins us with more on this. most americans buy tomorrow will have experienced this hit in their paycheck. >> already 134 million americans are feeling the 2 percentage point increase in the social security tax. that's expect to do drum up 125 billion in revenue for the government this year. but it's likely already eating away at your disposable income trips to the movies and restaurants brands you are buying at the food store. the increase means american families have this much less to spend this year $354 for those living at the level. the average income being 64,000. 2400 for those making $1,134,000. >> we were not aware that was going to happen. >> something people can't avoid buying gas. gas prices have increased. >> backup. on october 5th gasoline average 3.46. it fell $0.58 that stopped the average price $3.32. that's an crease of $0.07 in two weeks. they are starting to pass on the higher cost of crude oil. prices will go up until the next few weeks until they possibly go back down. the weather gets nicer people start driving more. >> then th
to take those things like taxes, and then perhaps leading to a primary challenge for those republicans who voted in favor of higher taxes. chris: somebody on the hard right then? >> as we saw in recent elections democrats have a pretty good track record in general elections against some of these fringe candidates. chris: well said. >> chuck hagel. big discussions. unlike with susan rice where she hung fire for weeks and was dropped, or she dropped herself, this time he stuck with hagel after all the heat against him on -- some from the gays and the left and the neo-cons and where is he heading? put a guy out there in your face as howard said? >> he thinks that he can win. first of all it wouldn't look good if he backed down after what happened to susan rice and i think he thinks he can win this. and there are certain things about chuck hagel's resume that set with what he wants to do with defense. cutting defense spending, that sort of thing. it makes sense so he's going to stick with his pick. chris: is hagel, barack obama with a war record, is he really the guy that -- that obama has bee
of the rich. it is the party of lower taxes. but there are a lot of people who are lower down the food chain, the economic chain, also paying lots of taxes relative to their income. and they need help. we need more education work being done in this country. we need a solid immigration policy. we have to look at climate change there are a lot of things that the american people are expecting and the republican party, as they get ready for the next election, really has to focus on some of these issues and not ignore them. everybody wants to talk about who is going to be the candidate you better think first about what's the party actually going to represent? if it's just gonna represent the far right-wing of the political spec trouble, i think the party is in difficulty. i'm aed moderate but i'm still a republican, that's how i was raised. until i voted for mr. obama twice i voted for seven straight republican presidents. >> a couple of other foreign policy matters, what should the force, u.s. force in afghanistan look like after next year? >> i think the president's on track here. we've done by
at their schools? mr. obama demands the wealthy pay their fair share of taxes, but he's just another elitist hypocrite when it comes to a fair share of security. >> following the president's announcement, they released a statement and i'm quoting. we look forward to working with congress on a bipartisan basis to find real solutions to protecting america's most valuable asset, our children. attacking firearms and ignoring children is not a solution to the crisis we face as a nation. no, of course. more guns are always the only answer for the nra. joining us now is kristen welker live at the white house. and kristen, we're getting news that the president and the vice president will girn traveling outside of washington to engage the public on the gun issue. what are you hearing? >> that's absolutely right, martin. according to a white house official, you can expect the president and the vice president to separately get out of d.c., hit the road, talk to the american people to try to push for the proposals that they unveiled today. this is, of course, a tactic that the white house has employed i
revenue through tax reform by closing loopholes in our tax code for the wealthiest americans. if we combine a balanced package of savings from spending on health care and revenues from closing loopholes, we can solve the deficit issue without sacrificing our investments in things like education that are going to help us grow. it turns out the american people agree with me. they listened to an entire year's debate over this issue, and they made a clear decision about the approach they prefer. they don't think it's fair, for example, to ask a senior to pay more for his or her health care, or a scientist to shut down lifesaving research so that a multimillionaire investor can pay less in tax rates than a secretary. they don't think it's smart to protect endless corporate loopholes and tax breaks for the wealthiest americans rather than rebuild our roads and our schools, invest in our workers' skills, or help manufacturers bring jobs back to america. so they want us to get our books in order in a balanced way, where everybody pulls their weight, everyone does their part. that's what i w
and it calls him this. >> mr. obama demands the wealthy pay their fair share of taxes, but he is just another elitist hypocrite when it comes to a fair share of security. >> president obama has secret service protection for his daughters, sasha and malia. asking if the president's kids are more important than yours. oh, my goodness, secret service protection, pretty customary for the president and his family. more bill next. these talking points, that the right have, about the "heavy hand of government" ... i want to have that conversation. let's talk about it. really? you're going to lay people off because now the government is going to help you fund your healthcare. really? i want to have those conversations, not to be confrontational, but to understand what the other side is saying, and i'd like to arm our viewers with the ability to argue with their conservative uncle joe over the dinner table. before the sneeze, help protect with a spray. before the tissue, help defend with a wipe. before the cold & flu season help prevent with lysol. because when you have 10 t
to pay a new tax and there is a tax on those who speculation on industrial properties. seng wun, some people are pointing to what is happening with japan as inciting more capital inflows into places like singapore. do you expect more measures in response? >> i think the policymakers here in singapore, we have seen the hong kong government trying to attempt with limited success to hold on property prices here. we have seen inflows. if you look at the last few weeks, we are very strong close into the equity market and given that this region is still set to be likely to lead growth in the coming over 12 months or so itself, that's likely a gain to bring more money. unless, of course, we see a strong turn around in growth in europe and the u.s., but from the medium term itself, when you've got growth and you've got employment opportunity, you've got income growth and environment of very low interest rate is headache to policymaker in which i think the government here continue to have to fine tunemakers every now and then essentially because after they tighten one time, they quiet down the
the city counsel stopped the increase of taxes. >> today, mavericks will begin get southing -- setting up the festival which is expected to be packed with visitors. >> way too many customers and probably not enough food. >> a high surf advisory has beenish issued. authorities are morning to be careful with the waves like this one. stay tuned coverage on the mavericks surfing competition. you can watch online at ktvu.com or use our mobile ap. >>> if you are heading out to the beach today, you want to avoid the water because the waves are coming in. >>> sure, the sneaker waves are exactly what they are called. they can wash you out, especially the little ones oen the beaches. be prepared if you are going out there. it's going to be a nice beach day, just be prepared. look at the golden sun, plenty in store. we will continue with the cool conditions at least in the next hour or so. a rapid warm up. here's a look at what we are expecting, anywhere from 8 to 10 feet today. out at mavericks for the afternoon tomorrow, the waves hitting 30 feet and above. it's going to be a great day to observe
many workers were surprised to see higher payroll taxes in the first paycheck of the year. it shrank take home earnings bys by 2% or more. a temporary cut in social security and medicare taxes expired as part of the fiscal cliff compromise. >>> and sunny california has turned into shivering california. frost and freezing temperatures are blanketing the state for the fourth night in a row. so far, citrus growers say they protected their crops using water and heaters. no significant crop damage is reported. overnight temperatures in los angeles over the weekend were in the 30s and in the 20s near san francisco. that's why everybody was cold. >> and we were >>> that's why i love the weather. it's always strange. and it is very cold out there right now. in fact, chilly temperatures in the bay area in the 20s and the 30s. we're currently under a freeze warning at this time. nice and clear. that cold air setting overhead freeze warnings up in many of the valleys. temperatures these numbers in the 20s and 30s. by the afternoon, highs only expected to be in the 40
to president cane, all of our used foods are 100% tax free. this week's special includes sun dried mammals. only $0.99 a pound. be sure to visit the fruit and vegetable department for fresh found fruit from neighboring grocery stores dumpsters. and don't forget all of our used foods are 100% tax free. this week kids get free abc gum with a purchase of $20 or more. used foods emporium now with 999 convenient locations. [ applause ] >> stephanie: that was kenny pick. yeah right? president kaine, yikes. kelly you are on the "stephanie miller show." >> caller: good morning. that soundings like a lovely place to shop. >> stephanie: sorry if you are eating breakfast. >> caller: no, i'm laying in bed watching you. >> stephanie: hello. okay. >> caller: i have been listening to the chatter about gun control ever since that horrific incident in newtown, and i want to jump on the other side of the coin as somebody who has been in counseling for clinical depression for over five years. i know people with asperger's syndrome. i don't want a still ma to be attached to mental illness the w
, and raised taxes more than once. and reagan was in favor of a ban on assault weapons just like president obama. >> right, and that comment was a way of saying that these are very centrist reforms, really common sense things that most americans agree with. he emphasized that in a few ways and a few times during that time. and i think the framing you're talking about, too, is really important. it is not just guns they're looking at. they're looking at mental health and research, links between violent media. you know, they are looking at more armed school resource officers at schools and providing funding for that. but i think constantly framing it, these are things that just make sense that the majority of americans support. and how can the republicans be so intransigent, not be even willing to discuss or consider any of these measures. >> richard, a month ago we heard the pundits say hand it off to joe biden and you will be involved in a senate committee process and lose all the momentum. well, this president/joe biden team, in the meantime, solved the fiscal cliff situation. joe biden re
burden on the bar were. monthly deaths of the consumer, such as taxes and insurance, generally cannot add up to more than 43% of their monthly gross income. no standard is perfect, but the standard here provides a clear line with a measure of protection to borrowers that have increased certainty in the mortgage market. host: i want to bring in a few callers on this subject for you. oklahoma city, oklahoma, democratic line. good morning, vernon. caller: i am tickled to death that the government is setting the rules for the financial industry when it comes to the home market. people worked all their lives to provide a home and held for ways to get it paid off before they retire. this is the one area that the government needs to regulate and regulate closely and i am glad we're finally doing that. now, of course, we have drawn a line in the sand that we can hopefully reclaim. can we hope that it will ever change back to what we thought we had been through? guest: an excellent question. another one to add to that is -- will the regulators have the appetite to regulate this closely? making sur
considered, as we take you back out here live, higher fares and even tax measures. but again a lot of people taking bart this morning. a lot of people heading for the door. let's take a live look at our traffic this morning. sal, how is it looking? >>> it's not too bad. people are taking bart. the bart system does look good right now. no major delays reported by them. let's take a look at some of the roads. highway 4, we had an earlier crash at the willow pass off ramp. it did not affect highway 4 too much. people couldn't really see it off the freeway. no major problems. there is slowing in antioch this morning. at the bay bridge toll plaza, it has been backed up for about a 20-minute late, maybe agent bit more than that now. eight kind of crowded. once on the bridge it does look good into the city. 85 and 280 or slow. the pa minutes remark traffic looks -- peninsula, traffic looks snake on 101 and 280 -- looks good on 101 and 280. >>> san jose has had a little bit of a breeze this morning. looks like it's tailing off. that's allowing temperatures to drop. i tried to put together a whole bu
the commerce clause. >> right. >> what he said was it was a tax. >> must have been a mix-up in the prenotes of the preinterview. but let's see a shot in freeze frame. this is the face of a truly confused man. the elevator doesn't go all the way to the top here, folks. if only sean hannity would listen to his boss, he might not be so confused. "the constitutional right about guns is for self-defense and hunting. founders did not mean modern weapons of war." lining up the crazy is not a difficult task for the right wing these days. but this rhetoric and hysteria i think is very dangerous. there is no basis to call the president of the united states a tyrant or a dictator, and no president ever deserves to be compared to stalin or hitler. but of course it continues. it happened earlier this week. someone needs to be an adult in the room to tell them to cool it. you know? this is america. but abusing the first amendment really is not good. there is a responsibility when you're in front of a camera and you have a microphone. and if this is the way they want to use it, what do you think is going
in this case may be the calm before the storm as president obama begins his second term. taxes, spending, deficits, gun control, immigration. a lot to do and not a great environment to get it done. but with us now, two men who may not have to worry too much about that, but who may give us great insights if possible to get great things done. barney frank, the former democratic congressman from massachusetts and steve latourette, republican from ohio. first to you, congressman, as the democrat, what does the president have to do differently in the second term to have a more cooperative, working environment. to you, sir, what does the republican party need to do to try to get some things done? >> i have to differ with the preface, john. >> i thought you might. >> barack obama -- look, this notion that partisanship has taken over. it began when barack obama became president. i was chairman of the financial service committee of 2007 in the bush administration and i worked very closely with hank paulson, secretary of the treasury. we worked on putting fannie mae and freddie mac to stop the law
because property tax revenues have dropped and a tax measure pick up the cost of those lost revenues was voted down. >> tickets for a san jose sharks at regular season finally go on sale in just a couple of hours from now. jackie sissel is live outside of h-p pavilion that we can finally reach brand of the shark tank. >> game tickets are going on sale today. i have video from yesterday or this sharks to add to the eyes for the first time and public. this is good news and the tickets go on sale today at 10:00 a.m.. most people will go on ticketmaster and that is the best way to do it. because of how cold it is most people most likely stay on the computer at home. you can also to aid the pavilion. they will be handing out numbered wristbands. at 830 they would be read and trying to find out will go first and then people could start buying tickets at 10:00 a.m.. you can't get up to the end tickets per game and eight games. here we are almost half way through january and there are many sharks fans in san jose and it is an exciting day. >> i bet any high tea is a good idea for the fans an
share of taxes but he's another elitist hypocrite when it comes to fair share of security. >> reporter: the white house had no reaction to this nra accusation. and the coming gun control fight the white house expects very intense resistance on capitol hill to a reinstatement of the assault weapons ban and limiting the weapon magazines and the president will fight both but nd the biggest on fight is putting nk y gun sales under backglownd checks.ates >>> the leading "time" magazine cover shows michael bloomberg, vice president joe biden and former congressman gabrielle giffords who survived a shooting two years ago. for more on the politics john for more dickerson joins us now, john good mor good morning. >> good morning. >> let's start first with this new nra ad which criticizes the president as an elite ihypocrite crit and brings the president's daughters into the fight.the fight. is this getting personal? >> well it's already been pretty personal, but, yes, this is -- this is a very incendiary i message to the nra members and also, though, it's trying to
different visions. a republican said, you know what, we didn't win that fiscal cliff battle, we raised taxes, we didn't want to do it, now this has got to be all about spending cuts and you have the president saying, no, it is going to be about raising the debt ceiling, then we can talk about some kind of grand bargain. but you have to get over the speed bump, brooke. and i just -- >> hang on a second. you used two words -- gloria borger, you're saying grand bargain? is that -- ali velshi, let me ask you that, grand bargain, is that in our lexicon anymore? >> yeah, i don't even know if bargain is a possibility. gloria knows the politics of this better than i do. the -- somebody asked the question at the press conference, the president said he's not negotiating on this, but you said that about increasing taxes, the last debt limit. i don't know where you go from here politically. i only know economically the market will act as an enforcer and interest rates will act as an enforcer if you don't get it right. how you get a deal, that's above my pay grade. >> and, brooke, the real problem here,
, hidden taxes will take a painful bite. inside is the story from that conley who friends the argument more so in the washington d.c. area. local residents will be paying uncle sam more in 2013, between the two percent increase in payroll tax and to lesser known provisions buried in the fiscal cliff deal. there is also the issue of the health care tax, which also may hit some individuals. more details from the washington sunday examiner. the question we are focusing on is whether the president will bypass congress to raise the debt ceiling. we are getting your calls in common. buddy on the republican line. caller: good morning. it would not surprise me that he does raise the debt ceiling. the president alone spent over $1 billion last year just to himself. when does it stop? obviously he has never had a checkbook. i get a bill, i pay it. why do they just keep putting money out, putting money out, not take care of what they're doing doing, not realizing what they're doing? host: they give for the call. this from twitter -- the focus on the 14th amendment, section four, basically says that th
% of gdp, that we've got to fight to cut taxes, that we've got to fight to cut corporate tax rates, we've got to inform entitlements, we've got to do these things i think conservatives are best suited to do, instead of being engaged on fights on the periphery. we've got to narrow our focus and get back to first principles, and if we don't do that, the republican party's going to be in the minority for a very long time. >> joe scarborough from "morning joe," i like "afternoon joe" too. thank you very much. >> i like your time slot a lot better than ours, actually. 1:00's okay. >> try it some time, sleep in a bit. >> i'd like to. >>> coming up next, the gun lobby reacts to the president's proposals and that nra ad. >>> plus, biden, bloomberg, and gabby giffords. there's a trio inside "time's" special edition on gun control. this is "andrea mitchell reports" only on msnbc. i'm up next, but now i'm singing the heartburn blues. hold on, prilosec isn't for fast relief. cue up alka-seltzer. it stops heartburn fast. ♪ oh what a relief it is! maybe you want to incorporate a business. or prote
opportunity for us. because in our budget that we will pass, we will lift tax reform, which many of my republican colleagues liked, but it will include revenues. it's a great opportunity to get us more revenues to help in part deal with sequestration and deal with the issue of -- >> but senator schumer, the reality is the president is willing to throw the long ball on this big sunday of football, when it comes to gun control. and yet because of his view of republican recalcitrants, he doesn't step up and show real leadership and be proactive on a big spending cut proposal and medicare put proposal because he doesn't want to go there. why throw the long ball when it comes to gun control but not take a leadership role when it comes to spending cuts? >> well, he is. in the negotiations up to the fiscal cliff, the president put things on the table. $400 billion in medicare cuts. he was talking about change cpi, which -- >> you're talking about more revenue. that's not big enough on medicare cuts according to simpson-bowles and others. >> we have already done $1.7 trillion in cuts. we've do
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